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1155 E Stop 11 Rd
Indianapolis, IN 46227
Verizon & Jimmy John's Center · Retail Property For Sale


Investment Highlights
- 100% Occupied Four-Tenant Center Anchored by National Tenants Jimmy John’s and Verizon | All NNN Leases
- Outparcel to Greenwood Point Shopping Center with 1.7 Million Visitors/Year | Across from Greenwood Place with 4.8M Visitors/Year
- Excellent Visibility: Combined Traffic Counts of 56,375 VPD at the Signalized Intersection of E Stop 11 Rd and US-31 S
Executive Summary
100% Occupied Four-Tenant Center Anchored by National Tenants Jimmy John’s and Verizon | All NNN Leases | Stabilized Low Average Rent/SF with 57% of the GLA Providing 3% Annual Increases
Excellent Visibility: Combined Traffic Counts of 56,375 VPD at the Signalized Intersection of E Stop 11 Rd and US-31 S
Jimmy John’s is a Multi-Unit Operator | This Location is a Strong Performer – Ranks in the Top 67% in the US by Sales (Placer.ai)
Total Wireless is Owned by Verizon and Operates 2,000+ Locations Across the US | Halal Munchies is a Growing Fast Casual Eatery that Operates 50+ Locations
Outparcel to Greenwood Point Shopping Center with 1.7 Million Visitors per Year with National Tenants Such as Hobby Lobby, Portillo’s, Buffalo Wild Wings, and Michael’s | Greenwood Point Ranks in the Top 5% of Strip/Convenience Centers in the United States, the Top 4% in Indiana and is the #5 Strip/Convenience Center Out of 221 in 50 Miles in Foot Traffic per Placer.ai
Across the Street from Greenwood Place with 4.8 Million Visitors per Year | 41 Tenants Including Burlington, Bubba’s 33, McDonald’s, Dunkin’, PetSmart, Five Guys, Fifth Third Bank, Subway, Jiffy Lube, and More | Greenwood Place Ranks in the Top 12% of Community Shopping Centers in the United States, and the Top 9% in Indiana
Located Within a Dominant Retail Node with Nearby Grocery, Dining, and Service Retailers Including, Walmart, Take 5 Oil Change, YMCA, Outback Steakhouse, Hubler Toyota, Hubler Chevrolet, AutoZone, and More
Surrounded by Established Neighborhoods and a Growing Population | Excellent Demographics: Five-Mile Population is 210,634 and Five-Mile Daytime Population is 178,195 | Five-Mile Average Household Income is $96,662, Above the National Average
Excellent Visibility: Combined Traffic Counts of 56,375 VPD at the Signalized Intersection of E Stop 11 Rd and US-31 S
Jimmy John’s is a Multi-Unit Operator | This Location is a Strong Performer – Ranks in the Top 67% in the US by Sales (Placer.ai)
Total Wireless is Owned by Verizon and Operates 2,000+ Locations Across the US | Halal Munchies is a Growing Fast Casual Eatery that Operates 50+ Locations
Outparcel to Greenwood Point Shopping Center with 1.7 Million Visitors per Year with National Tenants Such as Hobby Lobby, Portillo’s, Buffalo Wild Wings, and Michael’s | Greenwood Point Ranks in the Top 5% of Strip/Convenience Centers in the United States, the Top 4% in Indiana and is the #5 Strip/Convenience Center Out of 221 in 50 Miles in Foot Traffic per Placer.ai
Across the Street from Greenwood Place with 4.8 Million Visitors per Year | 41 Tenants Including Burlington, Bubba’s 33, McDonald’s, Dunkin’, PetSmart, Five Guys, Fifth Third Bank, Subway, Jiffy Lube, and More | Greenwood Place Ranks in the Top 12% of Community Shopping Centers in the United States, and the Top 9% in Indiana
Located Within a Dominant Retail Node with Nearby Grocery, Dining, and Service Retailers Including, Walmart, Take 5 Oil Change, YMCA, Outback Steakhouse, Hubler Toyota, Hubler Chevrolet, AutoZone, and More
Surrounded by Established Neighborhoods and a Growing Population | Excellent Demographics: Five-Mile Population is 210,634 and Five-Mile Daytime Population is 178,195 | Five-Mile Average Household Income is $96,662, Above the National Average
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
7,000 SF
Building Class
B
Year Built/Renovated
2008/2009
Price
$3,348,660 CAD
Price Per SF
$478.38 CAD
Cap Rate
7.33%
NOI
$245,426 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.18 AC
Zoning
C-4 - High-density commercial areas allowing high-rise buildings and mixed-use developments.
Parking
70 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 49-15-19-127-009.000-500 | Improvements Assessment | $1,078,906 CAD |
| Land Assessment | $721,966 CAD | Total Assessment | $1,800,872 CAD |
Property Taxes
Parcel Number
49-15-19-127-009.000-500
Land Assessment
$721,966 CAD
Improvements Assessment
$1,078,906 CAD
Total Assessment
$1,800,872 CAD
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